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So there's no confusion, the 375 number is of clients who
actually have gotten homes. There are probably fifteen
clients who fit into the couldn't find an acceptable home
category and therefore stopped looking.
Both numbers indicate selectivity on my part. I won't
work with just anyone, as I value my time.
Jay Reifert -- Fitchburg/Madison ****** http://www.real-reform.org
http://profiles.yahoo.com/jay_reifert** http://www.true-agent.com
http://www.madison-real-estate.com
mailto:true-agents@12345true-agent.com <-----------Remember to
remove the numbers from
the email address before
hitting send.
Jay Reifert wrote:
> I already pointed this out in a response to Scott, but
> I will put it here, too, since you do not read things
> any better than he does.
>
> One statistic was about the ONE client I have had who was
> turned down for a mortgage because he was downsized out
> of a job. That's out of all of my former buyer clients,
> which total somewhere a bit above 375.
>
> The other stat had to do with the fact that out of all
> of the clients I contract with each year, which ranges
> between twenty and thirty, around ONE does not get a home,
> because what they want in a home does not exist in the
> marketplace, so we agree to stop looking.
>
> This has nothing to do with financing, as all of my clients
> are preapproved and serious. It has to do with the market
> just not having what they want.
>
> What I'm trying to say with the second statistic is that
> I do not waste my time. Most licensees, including casual
> buyer agents, will haul buyers around willy nilly, hoping
> to get lucky. I don't work in that fashion.
>
> Are you guys starting to understand that they're two
> different concepts? Cause if not, I can start talking
> very s-l-o-w-l-y again.
>
> http://www.real-reform.org/pcnonebas.pdf
>
> Jay Reifert -- Fitchburg/Madison ****** http://www.real-reform.org
> http://profiles.yahoo.com/jay_reifert** http://www.true-agent.com
> http://www.madison-real-estate.com
>
> mailto:true-agents@12345true-agent.com <-----------Remember to
> remove the numbers from
> the email address before
> hitting send.
>
>
>
> Steve Horrillo wrote:
>> On 4-Apr-2006, "$cott" <ezmortgageloanz@aol.com> wrote:
>>
>>>> Long story short, on better than 375 buyer side transactions,
>>>> I've only had ONE client get turned down for financing,
>>>> and that was because he was downsized out of his job, just
>>>> prior to closing. Given that fact, my success rate is really
>>>> the equivalent of a one hundred percent, as no one would
>>>> have been able to--reasonably--give that client a loan.
>>>
>>> RESPONSE: If you had more then 20 lenders (and have been involved
>>> in financing for 18 years) then you should be well aware that there
>>> is a loan program for the unemployed (no income/no job). 100% huh?
>>> If you send me one of your clients and I do not better your offer by
>>> $400, I'll pay your client $300 towards your "invisible" closing
>>> costs. The sad thing is some of the readers of this post will
>>> actually be naive enough to believe you.
>>>>
>>>> You see, I do not work with anything but preapproved, sincere
>>>> buyer clients. I've an interview process that allows me
>>>> to judge that and, of course, we know what they can do
>>>> financially speaking. (Don't forget...I am the buyer's agent,
>>>> and all of that information remains strictly confidential,
>>>> as that is part of my fiduciary duty to the client.)
>>>
>>> RESPONSE: I supply preapproved buyers to my partners too (I do
>>> everything but the appraisal; well you know the VOD, VOR, VOE, VOD,
>>> etc.)
>>>>
>>>> Most LISTING agents would kill for my success ratio. Most
>>>> licensees who work with, or for, buyers can't even begin
>>>> to comprehend how to create success in buyer agency, let
>>>> alone success of the nature that I've.
>>>
>>> RESPONSE: I'd marry your sister for that type of success ratio.
>>> Are you the Amazing Kreskin or Jay Abraham?
>>>>
>>>> But, here's the good news for someone like you. I am not the
>>>> only exclusive buyer agent in the world. There are about
>>>> two thousand of us. We all take our time spent with buyers
>>>> very seriously. While I doubt that many can claim to have
>>>> the closing ratio that I do, as of the 20 to 30 clients
>>>> I've each year only about one--if that many--does not get
>>>> a home, they still have much better ratios than your garden
>>>> variety licensee.
>>>
>>> RESPONSE: Thanks; I knew that. "...as of the 20 to 30 clients I
>>> have each year only about one-if that many-does not get a home....".
>>> So have you ever had a year when a 1/2 or 1/4 of person hasn't
>>> gotten a home? That's doesn't make much sense silly rabbit.
>>
>> In the same post he said he had one turndown out of 375, then in the
>> same breath he said one out of 20-30 do not get a home. something's
>> wrong with the picture. He's not even a good liar.
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Re: ATT Real Estate Agents... What do you want in a mortgage broker?
